On a recent trip to Malaysia, I had the chance to meet several clients and was asked one question over and over- “How do you separate your emotions from trading?” One of the first rules anyone learns in trading is to stay disciplined and stick to your strategy. Regardless of how long you’ve been trading, this is age old saying.
Whether you’ve never traded before, just starting your journey, or are experienced in the world of online trading, it’s important to learn from the past. The old saying “Learn from your mistakes” is applicable to all facets of life and trading is no exception.
Over the years, we’ve had the chance to meet thousands of traders from around the world- many of whom are full time traders who make a career in FX trading. While these traders are all passionate about Forex and can talk for hours about their latest automated strategies, new technical indicators or charting patterns they’ve developed, there’s one topic that almost never comes up- health and fitness.
As a broker, we have the unique perspective to be able to communicate and see clients from all different experience levels. Throughout the years, we have had the chance to see many successful traders who have been consistently profitable over a long period of time. Here are most common traits we have seen amongst successful traders:
Most people have at least heard of equities (stock) trading yet many are still unfamiliar with trading forex (currencies). While it may be easy to understand the idea investing into large companies you’ve heard of like Microsoft, Facebook, and Apple, most of us are already aware of current events that make the FX market move.